The Federal Reserve has nearly completed a proposal for the net stable funding ratio, said Governor Lael Brainard. "This significant liquidity regulation is important to ensure that large banking firms maintain a stable funding profile over a one-year horizon," she said. MLex (subscription required) (19 Apr.)
The US Supreme Court has begun hearing arguments in a case challenging the constitutionality of the Securities and Exchange Commission's administrative law judges. The SEC defends use of in-house judges, but the solicitor general says the way the SEC picks the judges is unconstitutional. Pensions & Investments (free access for SmartBrief readers) (23 Apr.)
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